EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: broken 'Flag' pattern
2019-11-11 • Updated
The last 'Flag' pattern has been broken, so it's likely that the market is going to test the next support at 1.1529. A pullback from this level could be a starting point for an upward correction towards the 34 Moving Average.
The price went through the Flag's lower side, so there's a new local low. In this case, we should keep an eye on the nearest support at 1.1552 - 1.1529 as an intraday target. If a pullback from this area happens next, there'll be a moment for an upward correction.
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